KBRA Releases Marketplace Consumer Loan Indices for April

Kroll Bond Rating Agency (KBRA) releases its Marketplace Consumer Loan Indices for April.

Marketplace consumer loan performance showed mixed results in April, despite many borrowers receiving a tax refund, providing an additional source of cash to catch-up on late payments. Annualized net losses in KBRAs Tier 1 and Tier 2 indices rose 43bp and 63bp to 5.96% and 11.71%, respectively. Meanwhile, KBRA Tier 3 index outperformed, with annualized net losses falling 809bp to 15.73% in April.

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About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

Analytical Contacts:

Brian Ford, CFA, Structured Finance Research
(646) 731-2329
[email protected]